Israeli carrier El Al Airlines has reported a full-year net profit of $25.4 million for 2013, reversing the $18 million loss the airline posted in 2012.
El Al’s revenue increased 4.3% in 2013 to $2.2 billion as expenses for the year were up 3.1% to $1.8 billion, producing an operating profit for the year of $348.9 million, up 11.1%.
El Al’s 2013 passenger traffic grew 4.9% to 18.1 billion RPKs on a 4.4% increase in capacity to 21.8 billion ASKs, generating a load factor of 82.9% ...